ACC to probe into charges of possessing illegal wealth The government has frozen the bank accounts of Eastern Bank PLC’s (EBL) chairman Shawkat Ali Chowdhury and his family members, according to a letter issued by the Bangladesh Financial Intelligence Unit (BFIU) of the Bangladesh Bank (BB). The BFIU in its letter ordered
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Forex reserves fall to $29.53b after $2.19b ACU payment
Bangladesh holds 2nd spot in apparel export
Despite holding its position as the world's second-largest apparel exporter, Bangladesh faces growing competition from Vietnam, which is emerging as a formidable rival in the global market. According to the World Trade Organization (WTO) data for 2024, Bangladesh secured $38.48 billion with a growth rate of 0.21%, while Vietnam emerged as
Emirates wins ‘Best International Airline’ award
Based on the opinions of frequent flyers, Emirates has won the Best International Airline, US-Bangla Airlines the Best Domestic Airline, and Saudia Cargo the Best Cargo Airline awards during “ShareTrip–Monitor Airline of the Year 2024” awards held at Pan Pacific Sonargaon Dhaka on Saturday. This year’s online survey saw participation from
BB allows loans against foreign currency held in offshore banks
Bangladesh Bank has introduced a new lending facility, allowing domestic individuals and institutions to secure Taka-denominated loans using foreign currency funds held in Offshore Banking Units (OBUs) as collateral. The central bank issued a circular detailing this directive on Thursday. Under the new policy, non-resident account holders can now leverage their foreign
BERC reduces LPG, auto gas prices for July
Bangladesh clears all dues to Adani Power
Bangladesh has cleared all outstanding dues to India's Adani Power, making a one-time payment of $437 million in June for electricity imports. Officials familiar with the matter told UNB that the payment covers all receivables owed to Adani Power up to March 31 of this year. Bangladesh Bank officials said Adani Power's
Remittance hits record $30.32 billion in FY2024-25
Expatriates sent a record US$30.32 billion in remittances in the just-concluded 2024-25 fiscal year, marking a 26.8 percent year-on-year increase from the US$23.9 billion received in FY2023-24. According to the latest data from Bangladesh Bank, the historic amount was received between July 2024 and June 2025, making it the highest annual
Gold price surges by Tk 1,890 per bhori in single adjustment
After two consecutive reductions, the price of gold in the domestic market has increased again. The Bangladesh Jewellers Association (BAJUS) on Tuesday announced a hike of Tk 1,890 per bhori (11.664 grams) for 22-carat gold, setting the new price at Tk 172,126. In a statement issued on Tuesday night, BAJUS said the
China launches new fund to drive sci-tech, industrial innovation
The National Natural Science Foundation of China (NSFC) on Monday launched the Private Enterprise Innovation and Development Joint Fund, aimed at enabling private companies to formally participate in national basic research efforts. Under the new initiative, private enterprises will identify key research challenges based on their specific innovation requirements, while the